Common use of Miscellaneous Provisions Relating to Conversion Clause in Contracts

Miscellaneous Provisions Relating to Conversion. (a) When Adjustment May be Deferred. No adjustment in the Conversion Rate need be made unless the adjustment would require an increase or decrease of at least 1% in the Conversion Rate then in effect; provided that any adjustment that would otherwise be required to be made shall be carried forward and taken into account in any subsequent adjustment. Except as stated in Section 4.06, the Conversion Rate will not be adjusted for the issuance of Common Stock or any securities convertible into or exchangeable for Common Stock or carrying the right to purchase any of the foregoing. Any adjustments that are made shall be carried forward and taken into account any subsequent adjustment. All calculations under Sections 4.05, 4.06 and 4.07 shall be made to the nearest cent or to the nearest 1/10,000th of a share, as the case may be.

Appears in 2 contracts

Samples: Supplemental Indenture (Masco Corp /De/), Supplemental Indenture (Masco Corp /De/)

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Miscellaneous Provisions Relating to Conversion. (a) When Adjustment May be Deferred. No adjustment in the Conversion ------------------------------- Rate need be made unless the adjustment would require an increase or decrease of at least 1% in the Conversion Rate then in effect; effect provided that any adjustment that would otherwise be required to be made shall be carried forward and taken into account in any subsequent adjustment. Except as stated in Section 4.06, the Conversion Rate will not be adjusted for the issuance of Common Voting Stock or any securities convertible into or exchangeable for Common Voting Stock or carrying the right to purchase any of the foregoing. Any adjustments that are made shall be carried forward and taken into account any subsequent adjustment. All calculations under Sections 4.05, 4.06 and 4.07 shall be made to the nearest cent or to the nearest 1/10,000th of a share, as the case may be.

Appears in 1 contract

Samples: Eleventh Supplemental Indenture (Horton D R Inc /De/)

Miscellaneous Provisions Relating to Conversion. (a1) When Adjustment May be Deferred. No adjustment in the Conversion Rate need be made unless the adjustment would require an increase or decrease of at least 1% in the Conversion Rate then in effect; effect provided that any adjustment that would otherwise be required to be made shall be carried forward and taken into account in any subsequent adjustment. Except as stated in Section 4.062.07, the Conversion Rate will not be adjusted for the issuance of Common Voting Stock or any securities convertible into or exchangeable for Common Voting Stock or carrying the right to purchase any of the foregoing. Any adjustments that are made shall be carried forward and taken into account any subsequent adjustment. All calculations under Sections 4.052.06, 4.06 2.07 and 4.07 2.08 shall be made to the nearest cent or to the nearest 1/10,000th of a share, as the case may be.

Appears in 1 contract

Samples: Lennar Corp /New/

Miscellaneous Provisions Relating to Conversion. (a) When Adjustment May be Be Deferred. No adjustment in the Conversion Rate need be made unless the adjustment would require an increase or decrease of at least 1% in the Conversion Rate then in effect; provided that any adjustment that would otherwise be required to be made shall be carried forward and taken into account in any subsequent adjustment. Except as stated in Section 4.063.08, the Conversion Rate will not be adjusted for the issuance of Common Stock or any securities convertible into or exchangeable for Common Stock or carrying the right to purchase any of the foregoing. Any adjustments that are made shall be carried forward and taken into account in any subsequent adjustment. All calculations under Sections 4.053.07, 4.06 3.08 and 4.07 3.09 shall be made to the nearest cent or to the nearest 1/10,000th 10,000th of a share, as the case may be.

Appears in 1 contract

Samples: Lear Corp /De/

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Miscellaneous Provisions Relating to Conversion. (a) When Adjustment May be Deferred. No adjustment in the Conversion ------------------------------- Rate need be made unless the adjustment would require an increase or decrease of at least 1% in the Conversion Rate then in effect; effect provided that any adjustment that would otherwise be required to be made shall be carried forward and taken into account in any subsequent adjustment. Except as stated in Section 4.06, the Conversion Rate will not be adjusted for the issuance of Common Stock or any securities convertible into or exchangeable for Common Stock or carrying the right to purchase any of the foregoing. Any adjustments that are made shall be carried forward and taken into account any subsequent adjustment. All calculations under Sections 4.05, 4.06 and 4.07 shall be made to the nearest cent or to the nearest 1/10,000th of a share, as the case may be.

Appears in 1 contract

Samples: Horton D R Inc /De/

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